Bitcoin miners rob Malaysia of $1 billion worth of electricity; the government erupts

Bitcoin mining is a competition of brute force arithmetic. | Photo credit: Dado Ruvic In Malaysia’s illegal crypto mining hotspots, the hunt begins in the skies. Drones buzz over rows of shops and abandoned houses, looking for places of unexpected heat, the thermal signature of machines that shouldn’t be running. On the ground, the police […]

Bitcoin Puell falls below the discount zone several times, but the recovery is stagnant

A key Bitcoin technical indicator has entered discount territory, potentially presenting an opportunity for savvy traders. The Bitcoin Puell Multiple has returned to the ‘discount zone’, a point historically associated with Bitcoin market funds, CryptoQuant analyst ‘Gaah’ said on Tuesday. The last time the indicator was this low was in March 2025, when the price […]

Mayasia Hit by $1 Billion Power Theft as Illegal Crypto Miners Drain the Electricity Grid

Malaysian authorities launched coordinated raids after discovering widespread meter tampering by mining companies at thousands of sites since 2020. Malaysian electricity supplier Tenaga Nasional Bhd (TNB) revealed that it has suffered losses of more than $1 billion due to increased electricity theft linked to cryptocurrency mining over the past four years. A parliamentary submission this […]